Retirement is the time to enjoy the fruits of your labour. Less work and more play - you've earned it, after all!

Research suggests that jobs are the main reason for stress in many people, although we doubt that would take you by surprise.

With retirement comes less stress, more fun and time to spend with your friends and family; not to mention that you can finally pursue hobbies that you've always wanted to but just never had the time to get around to because of work commitments.

Here at Southern Cross Partners we’ve become aware that New Zealand parents are finding it harder than ever to help their children buy homes because certain mainstream bank lending requirements mean that asset wealth is no longer good enough for mainstream financiers.

Proposals to make mortgage advisers disclose commissions are a good thing that will help protect both advisers and consumers.

A recent discussion document from the Ministry of Business, Innovation and Employment – which proposes that advisers disclose information about fees and commissions – will encourage more transparency in the process, and is something that SCP already have insisted on in all our documents; mortgage advisers already adhere to these conditions when dealing with SCP.

When you’re retired, you want to be able to maintain a reasonable income level while still accruing a little bit of wealth to keep you in the lifestyle you deserve. While you may have invested to build your nest egg, now that you’re in your golden years, how can you keep the money train moving forward?

Established in 1997 as Southern Cross Finance Limited, the company was born to assist everyday New Zealanders with their mortgage finance requirements that fell outside normal banking criteria. In 2009, under the Contributory Mortgage Regulations, we began matching investors with borrowers who had property to offer as security for their loan.

Planning,
Building,
Helping Kiwis buy homes,
First time homeowners,
First time buyers
09/05/2018

Banks want finished houses, and builders want to build them. It seems like a match made in Heaven, but there’s one catch. Someone has to pay for the houses to be built, but neither party is putting their hands up. As a consequence, New Zealanders are left with a pre-approved loan that can’t buy them the land or allow them to make progressive payments during construction.

The Global Financial Crisis led to the Government and the Financial Markets Authority (FMA) making an effort to try and protect New Zealand investors with new legislation. Despite this, many people are too trusting and lack basic financial knowledge, which means many New Zealand investors are still at risk.